The Economy Highlighted Today on The Morning Zone
Today on The Morning Zone, we will take a good hard look a what really is going on in our economy.
At 7:07AM MDT, Chris Markowski, The Watch Dog on Wall Street, will raise the veil on where we are in this country today economically. Are we really going into double dip recession or maybe even worse?
Obviously gold & silver is in the news a lot but what is really going on is a great systemic change and it is pretty important to understand the underlying dynamics driving this phenomenon. At 7:37, analyst Aaron Kutchinsky will give us the real story. Aaron Kutchinsky is a business creator, as well as a writer/lecturer/seminar leader, precious metals broker, and now, and most importantly, a financial activist on the subject of personal economic viability. Over the last 21 years that Aaron has worked in the financial and business trenches he has come to understand the US/World systems very well and this is his realization: On a macro level, it is one giant game designed to benefit the very few against the many. The ongoing story of international banking, national governments, so-called free markets, and monetary policy for this last century has been one of supreme gamesmanship and looting of individual and pubic wealth, with increasing audacity and brazen duplicity.
At 8:07 join us with Barbara Comstock as she discusses regulations will be central to Fall's economic Debate. As recent economic news has demonstrated, the road to recovery for our nation will be long and precarious. With extended debate on measures to eliminate debt as foreign governments deal with solvency issues, the markets have been extremely volatile, all of which has greatly impacted our economy. American businesses are watching their investments with great concern as they have no idea what to expect. This reaps one result: uncertainty. And as anyone operating the in the financial sector will attest to, indecision is bad for business.
All of this would lead one to surmise that the role of government is pretty clear, to inject stability and reliability to the extent possible so that employers making decisions can make plans for hiring and purchasing, which will only help stabilize the greater economy leading to a boost in confidence across every sector.
And while everyone is on the same page with regard to the final objective (i.e. jobs), there is a high degree of variance on how to get there. The While House recently stated it believed a strong recovery begins with small business. No one – not Republicans nor Democrats – would argue with this point as small businesses are the country’s top employer. Yet, the actions of regulatory agencies within the Obama Administration represent a point of view that is completely divergent from this basic and critical goal.
More than at any time in recent memory, Americans have heard from labor boards and about their controversial decisions, which employers have universally decried. All of this has unfolded, as Congress commits to tackling the high unemployment rate and stagnant economic growth with measures targeting overly burdensome and restrictive regulations, which inhibit productivity and cause hesitancy among job creators.
So, it appears that this Fall there will be a serious debate between the executive and legislative branches on the role of regulations in getting the economy back on track. Therefore, one would assume that the Obama Administration’s labor agencies, namely, the National Labor Relations Board (NLRB), National Mediation Board (NMB) and Department of Labor (DoL), along with their job-killing policies, will receive even more attention.